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An announcement from RENOVA ( (JP:9519) ) is now available.
RENOVA has revised its full-year consolidated forecasts for the fiscal year ending March 31, 2025, due to changes in the conversion timing of its biomass energy projects into subsidiaries and lower than expected biomass fuel prices. These revisions impact the company’s revenue and profit forecasts, with a significant decrease in profit attributable to owners due to increased commissioning-related costs and delays in project timelines, affecting stakeholders’ expectations.
More about RENOVA
RENOVA, Inc. operates in the renewable energy sector, focusing primarily on biomass power generation. The company is listed on the Tokyo Stock Exchange and is involved in converting biomass energy projects into subsidiaries, reflecting its market focus on sustainable energy solutions.
YTD Price Performance: -7.13%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $411M
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